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Economic Impact of Eurozone Sovereign Debt Crisis on Developing Asia
Lee, Minsoo; Park, Donghyun; Abdon, Arnelyn; Estrada, Gemma - 2013
The European Union (EU) has traditionally been an important economic partner for Asia. In addition to absorbing a significant share of the region's exports, the EU has been a major source of foreign direct investment and other capital flows into the region. In light of such close economic...
Persistent link: https://www.econbiz.de/10010507366
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Economic impact of Eurozone sovereign debt crisis on developing Asia
Lee, Minsoo; Park, Donghyun; Abdon, Arnelyn; Estrada, Gemma - 2013
The European Union (EU) has traditionally been an important economic partner for Asia. In addition to absorbing a significant share of the region's exports, the EU has been a major source of foreign direct investment and other capital flows into the region. In light of such close economic...
Persistent link: https://www.econbiz.de/10009734254
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A Bottom-Up Reduced Form Phillips Curve for the Euro Area
McGregor, Thomas; Toscani, Frederik - 2022
We develop a bottom-up model of inflation in the euro area based on a set of augmented Phillips curves for seven subcomponents of core inflation and auxiliary regressions for non-core items. We use the model’s disaggregated structure to explore which factors drove the deterioration in...
Persistent link: https://www.econbiz.de/10014264528
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Food price pass-through in the euro area : the role of asymmetries and non-linearities
Ferrucci, Gianluigi; Jiménez-Rodríguez, Rebeca; … - 2010
In this paper we analyse the pass-through of a commodity price shock along the food price chain in the euro area. Unlike the existing literature, which mainly focuses on food commodity prices quoted in international markets, we use a novel database that accounts for the role of the Common...
Persistent link: https://www.econbiz.de/10003971302
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Do Food Commodity Prices Have Asymmetric Effects on Euro-Area Inflation?
Porqueddu, Mario - 2012
largest economies (Germany, France and Italy) and tests whether the latter respond asymmetrically to shocks to the former. The …
Persistent link: https://www.econbiz.de/10013098951
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Food Price Pass-Through in the Euro Area - The Role of Asymmetries and Non-Linearities
Ferrucci, Gianluigi; Jiménez-Rodríguez, Rebeca; … - 2021
In this paper we analyse the pass-through of a commodity price shock along the food price chain in the euro area. Unlike the existing literature, which mainly focuses on food commodity prices quoted in international markets, we use a novel database that accounts for the role of the Common...
Persistent link: https://www.econbiz.de/10013316224
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Rising Food Commodity Prices and Their Pass-through to Euro Area Consumer Prices
Borrallo, Fructuoso; Cuadro-Sáez, Lucía; Pérez, Javier J. - 2022
The global rise in food commodity prices is passing through strongly to the consumer prices that households pay for these products. Further, the current episode has seen a more widespread increase in food items than other historical periods of stress in these markets. The results of an...
Persistent link: https://www.econbiz.de/10013491913
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Asymmetric growth and inflation developments in the acceding countries: a new assessment
Ide, Stefaan; Moës, Philippe - 2004
terms of country-specific and euro area shocks, and a further split between supply and demand shocks. The four structural … shocks may all create asymmetries vis-à-vis the euro area. It appears that country-specific shocks are the main source of … growth or inflation divergence, rather than the distinct way in which acceding countries react to euro area shocks. But …
Persistent link: https://www.econbiz.de/10011506585
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Has the Euro increased international price elasticities?
Holtemöller, Oliver; Zeddies, Götz - 2010
The introduction of the Euro has been accompanied by the hope that intra-EMU trade would increase and that prices would converge due to increased elasticities of international substitution. This paper contributes to the literature on the Euro’s effects on international trade by analyzing price...
Persistent link: https://www.econbiz.de/10009384450
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Macroeconomic Adjustment and Heterogeneity in the Euro Area
Torój, Andrzej - 2011
We revisit the subject of country-level macroeconomic adjustment in the euro area in the absence of autonomous monetary and exchange rate policy. We discuss how the procyclical real interest rate mechanism and the competitiveness channel of adjustment interact with various aspects of...
Persistent link: https://www.econbiz.de/10013130702